There are a few interesting changes in this chart.
As a refresher, I do update team ratings each day to best fit the odds in their remaining games. Brazil and Mexico each only one have game remaining, so there could be some added uncertainty in the ratings for those teams specifically. That said, each day I start with the current rating and just adjust as needed, so they can't be too far afield.
Germany jumped up a lot. Spain, Portugal, and Ghana all made modest gains as well (despite not playing today). I wonder if that's the market swinging back toward equilibrium after reacting to those team's first game losses; might make for an interesting sports betting strategy.
Looking at the "Round of 16" numbers for Spain/Chile makes me wonder if it's even possible to overstate the importance of tomorrow's game for those two teams. If I have time in the morning I'll try to make one of those 3x3 grids like I made for USA and Ghana, see if I can quantify how big the game really is.
Speaking of big games I can't help but look ahead to Portugal vs. United States on Sunday!
Note that I gave a more detailed description of how the odds work in this post